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Allianz

Allianz

Industry: 
Financial services
Value of USG Contracts: 
50
Symbol: 
NYSE:AZ
States: 
MN
NY
Country: 
Germany
Sources: 

"Allianz SE (ALV.XE), Europe's largest primary insurer by gross premiums, said Friday it is suspending business in Iran amid calls for tighter sanctions against the country after the International Atomic Energy Agency censured Tehran for its nuclear enrichment program.

'Allianz has decided not to renew insurance treaty business in Iran because of political developments in the region. This business amounts to negligible premiums,' Allianz said in a statement, without being more specific." (Dow Jones Newswires, "Allianz Suspends Iran Business, Hannover Re Honors Sanctions," 2/19/10)

Response: 

Allianz stated it is suspending its business in Iran. (February 19, 2010)

German financial conglomerate and Europe’s largest primary insurer by gross premiums. Allianz stated in February 2010 that it would be suspending its business in Iran.